Digital Twin Market Share

North American Market Forecast

The market share of digital twin in North America, amongst the market in all the other regions, is projected to be the largest with a share of about 41% by the end of 2037, backed by the growing dependence on online systems, internet services, advanced programs, and penetration of a huge amount of data in the region. It has been estimated that more than 90% of the Americans have access to internet services. Also, in 2019, it was being calculated that the United States region ranked third in the world for the number of around 320 million internet users. In addition to the other factors, the presence of major key players in the region along with the rising focus of the government regarding the implementation of digital twin services for facilitating a better manufacturing process with enhanced distribution of products and services among the population are also some of the factors that are considered to positively contribute towards market growth in the region during the forecast period.

APAC Market Statistics

The Asia Pacific digital twin market is estimated to be the second largest, registering a share of about 26% by the end of 2037. Ability to enhance planning and maintaining sustainable infrastructure is the major factor expected to drive market growth in the region. In India, the state of Andhra Pradesh is constructing Amaravati, its new capital, as the first city designed from the ground up with a digital twin. The system will enable government officials to manage the permitting process, monitor construction progress, and evaluate design plans, allowing them to better understand how buildings will respond to the hot and humid climate.

Europe Market Forecast

Further, the market in the European region, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The expansion of the information technology and communications (ICT) industry, along with the escalation of initiatives taken by the European government are primary factors for expansion of market size in the next few years. Also, the rapid development of industries present in the region is anticipated to increase the demand for digital twin during the assessment period.